Bitcoin’s inflation rate will become lower than gold’s post-halving
Source: Bitcoin Magazine
SEC delays decision on spot bitcoin ETF options
American regulators are again delaying a decision by 45 days on whether to allow options on spot bitcoin ETFs. The Securities and Exchange Commission published a notice Monday saying that it "designates May 29, 2024 as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove," allowing the New York Stock Exchange to start listing options on spot bitcoin ETFs. source : theblock
JUST IN 🚨: Fidelity now holds more than 150,000 Bitcoin $BTC worth over $10.2 billion
Source: barchart
No one can make more than 21 million Bitcoin.
Source: Bitcoin Magazine
Hedge funds are shorting Bitcoin at record levels.
Is another massive short squeeze ahead of us ? Source: Bloomberg, www.zerohedge.com
The Bitcoin halving is now only about 16 days away 👀
https://bitbo.io/halving/ Source: Bitcoin Magazine
Gold is soaring while Bitcoin – digital Gold – is slumping?
Bitcoin has shown itself to be more correlated w/risk-sensitive assets. Over the past 3yrs, Bitcoin has the highest monthly correlation w/Mag7 at 0.63. Correlation between Bitcoin and Nasdaq 100 is 0.58, between Bitcoin and S&P 500 is 0.54. Correlation between Bitcoin and Gold is very low at 0.23 - at 1 link would denote the two assets trade in sync. (HT @barronsonline) - HolgerZ, Bloomberg
The first ever 2x and -2x spot bitcoin ETFs hit the market yesterday from ProShares.
$BITU and $SBIT (tickers could have been better). $BITX is 2x but it tracks futures and $BITI is -1x but is also futures. Fee 95bps on both. Haven't traded too much so far, under $1m. Source: Eric Balchunas, Bloomberg
